MAATWERK SCHEPENS: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
MAATWERK SCHEPENS
Largest movements
- Receivables within one year -€40,695
down €40,695 (-52.9%), from €76,868 to €36,173
of which Trade receivables: -€53,822
- Cash +€27,104
up €27,104 (+54.2%), from €49,970 to €77,074
mainly Depreciation (+€42,598) and Receivables within one year (+€40,695)
- Tangible fixed assets -€7,522
down €7,522 (-1.3%), from €561,780 to €554,258
of which Furniture and vehicles: -€10,600
- Debts after one year -€41,947
down €41,947 (-19.7%), from €212,947 to €171,000
- Trade debts +€37,761
up €37,761 (+154%), from €24,562 to €62,323
- Reserves -€14,000
down €14,000 (-3.7%), from €382,084 to €368,084
of which Distributable reserves: -€14,000
- Gross operating margin -€27,554
down €27,554 (-42.9%), from €64,253 to €36,699
- Financial charges -€2,608
down €2,608 (-34.9%), from €7,471 to €4,863
- Taxes -€1,871
down €1,871 (-91.7%), from €2,041 to €170
- Financial income -€1,041
down €1,041 (-67.6%), from €1,541 to €500
- Depreciation +€1,027
up €1,027 (+2.5%), from €41,572 to €42,598
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €710,443 | €688,127 | -€22,316 | -3.1% |
| Fixed assets | 21/28 | €561,940 | €554,418 | -€7,522 | -1.3% |
| Tangible fixed assets | 22/27 | €561,780 | €554,258 | -€7,522 | -1.3% |
| Land and buildings | 22 | €513,588 | €510,263 | -€3,326 | -0.6% |
| Plant, machinery and equipment | 23 | - | €6,403 | +€6,403 | |
| Furniture and vehicles | 24 | €48,192 | €37,592 | -€10,600 | -22.0% |
| Financial fixed assets | 28 | €160 | €160 | = | 0.0% |
| Current assets | 29/58 | €148,503 | €133,709 | -€14,793 | -10.0% |
| Stocks and contracts in progress | 3 | €21,664 | €18,632 | -€3,032 | -14.0% |
| Stocks | 30/36 | €21,664 | €18,632 | -€3,032 | -14.0% |
| Amounts receivable within one year | 40/41 | €76,868 | €36,173 | -€40,695 | -52.9% |
| Trade receivables | 40 | €53,822 | - | -€53,822 | |
| Other amounts receivable | 41 | €23,046 | €36,173 | +€13,127 | +57.0% |
| Cash at bank and in hand | 54/58 | €49,970 | €77,074 | +€27,104 | +54.2% |
| Deferred charges and accrued income | 490/1 | - | €1,830 | +€1,830 | |
| Total equity and liabilities | 10/49 | €710,443 | €688,127 | -€22,316 | -3.1% |
| Equity | 10/15 | €400,853 | €386,731 | -€14,122 | -3.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €382,084 | €368,084 | -€14,000 | -3.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,614 | €18,614 | = | 0.0% |
| Distributable reserves | 133 | €361,610 | €347,610 | -€14,000 | -3.9% |
| Profit (loss) carried forward | 14 | €168 | €46 | -€122 | -72.6% |
| Amounts payable | 17/49 | €309,590 | €301,397 | -€8,193 | -2.6% |
| Amounts payable after more than one year | 17 | €212,947 | €171,000 | -€41,947 | -19.7% |
| Financial debts | 170/4 | €212,947 | €171,000 | -€41,947 | -19.7% |
| Amounts payable within one year | 42/48 | €96,643 | €130,397 | +€33,754 | +34.9% |
| Current portion of amounts payable after more than one year | 42 | €41,273 | €41,947 | +€675 | +1.6% |
| Trade debts | 44 | €24,562 | €62,323 | +€37,761 | +154% |
| Suppliers | 440/4 | €24,562 | €62,323 | +€37,761 | +154% |
| Taxes, remuneration and social security | 45 | €7,870 | €7,043 | -€827 | -10.5% |
| Taxes | 450/3 | €3,831 | €2,973 | -€858 | -22.4% |
| Remuneration and social security | 454/9 | €4,039 | €4,070 | +€31 | +0.8% |
| Other amounts payable | 47/48 | €22,938 | €19,083 | -€3,854 | -16.8% |
| Remuneration, social security and pensions | 62 | €786 | - | -€786 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,572 | €42,598 | +€1,027 | +2.5% |
| Other operating charges | 640/8 | €2,959 | €3,689 | +€730 | +24.7% |
| Non-recurring operating charges | 66A | €3,797 | - | -€3,797 | |
| Gross operating margin | 9900 | €64,253 | €36,699 | -€27,554 | -42.9% |
| Operating profit (loss) | 9901 | €15,139 | -€9,589 | -€24,728 | |
| Financial income | 75/76B | €1,541 | €500 | -€1,041 | -67.6% |
| Recurring financial income | 75 | €1,541 | €500 | -€1,041 | -67.6% |
| Financial charges | 65/66B | €7,471 | €4,863 | -€2,608 | -34.9% |
| Recurring financial charges | 65 | €7,471 | €4,863 | -€2,608 | -34.9% |
| Profit (loss) for the period before taxes | 9903 | €9,209 | -€13,952 | -€23,161 | |
| Income taxes | 67/77 | €2,041 | €170 | -€1,871 | -91.7% |
| Profit (loss) for the period | 9904 | €7,168 | -€14,122 | -€21,291 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,168 | -€14,122 | -€21,291 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.